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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Business Transformation SEPC Ltd: The Market Sees an Order. It's Missing a Revolution. It's a Business Model Coup. Mining now makes up 41% of SEPC's standalone order book. A zero-cash acquisition is opening the door to ADNOC-grade oil & gas consultancy in the Middle East. Individually, these look like two good pieces of news. Put together, they describe a company quietly rebuilding what it actually is. Markets often react to the size of an order. They rarely ask whether that order signals a transformation in the business itself. SEPC's ₹3,300 crore Rampur Batura coal mining contract looked, at first glance, like another healthy addition to an already-growing order book. Read differently, it looks like something more interesting: an early marker of SEPC Ltd (...
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Sesa Sterlite gains as Goa govt to renew mining leases
[Editor: The most burning question now is: will this move usher in good days for the mining and shipping sector (especially ship repairing sector)? Only time will be able to tell, but if statistics are to be believed then those holding the shares of shipping and mining companies have much to cheer now]
Mumbai  August 19, 2014: The Goa government plans to renew the mining leases of those who have paid stamp duty

Shares of Sesa Sterlite were up nearly 4% at Rs 303 after the Goa government decided to follow the order of the Goa bench of the Bombay High Court to renew mining leases.

Goa Chief Minister Manohar Parrikar, in the State Assembly on Monday, said that atleast 27 mining leases on which stamp duty has been paid would be renewed by October 15.

He also announced that the mining operations in the State would be resumed by this year end.

The stock opened at Rs 298 and touched a high of Rs 305 so far on the Bombay Stock Exchange. Over 2.8 million shares were traded on the Bombay Stock Exchange and National Stock Exchange so far.

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